Market Overview

UPDATE: Topeka Capital Markets Reiterates Hold Rating, Raises PT on Crane Company

Related CR
Unique 3D Startups And The Public Companies That Should Buy Them
Earnings Scheduled For July 28, 2014

In a report published Wednesday, Topeka Capital Markets reiterated its Hold rating on Crane Company (NYSE: CR), and raised its price target from $44.00 to $53.00.

Topeka Capital Markets noted, “Crane Co. adjusted 4Q EPS was roughly in-line with expectations on higher margins, while revenue was softer-than-expected. Following earnings, we are increasing our price target to $53, from $44, but remain on the sidelines as we believe top-line pressure is likely to limit upside from here. Further details in our report.”

Crane Company closed on Tuesday at $50.23.

Posted-In: Topeka Capital MarketsAnalyst Color Price Target Analyst Ratings

 

Related Articles (CR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters